Octopus Titan VCT 4 Octopus Titan VCT 4 PLC : Interim Management Statement

 
TIDMOTV4 
 
Octopus Titan VCT 4 plc 
Interim Management Statement 
 
7 March 2012 
 
In accordance with Rule 4.3 of the UK Listing Authority's Disclosure and 
Transparency rules, Octopus Titan VCT 4 plc ('Titan 4' or 'VCT') presents an 
Interim Management Statement for the period 1 November 2012 to 31 January 
2013.  The statement also includes relevant financial information between the 
end of the period and the date of this statement. 
 
Financial Summary 
                                  3 months to 31 January 
                                                    2013 Year to 31 October 2012 
=------------------------------------------------------------------------------- 
 
 
Net assets ( GBP'000s)                               21,048                  21,023 
 
Return on ordinary activities 
before tax ( GBP'000s)                                   25                   (296) 
 
Net asset value per share 
('NAV')                                            87.8p                   87.7p 
 
 
Investment performance 
As at 31 January 2013 the NAV of the VCT was 87.8p, which compares to 87.7p at 
31 October 2012. The small increase in NAV is a result of Titan 4's investments 
in the Open Ended Investment Companies ('OEICs') which have seen an overall 
increase in value of  GBP208,000 over the three months to 31 January 2013. This 
increase has exceeded the standard running costs of the Fund resulting in an 
overall increase in the net asset value of 0.1p. There have been no valuation 
movements in the unquoted portfolio during the three month period. 
 
During 
During the period, the VCT made two follow-on investments of  GBP109,000 into 
Bowman Power and  GBP74,000 into Vega-Chi. 
 
Top Ten Qualifying Investment Portfolio as at 31 January 2013 
Company                                             Carrying value    % of total 
                     Sector                                   GBP'000    net assets 
=------------------------------------------------------------------------------- 
Secret Escapes       Consumer lifestyle & 
Limited              wellbeing                               2,841         13.5% 
 
Certivox Limited     Technology                              1,634          7.8% 
 
                     Consumer lifestyle & 
Rangespan Limited    wellbeing                               1,125          5.3% 
 
UltraSoC 
Technologies         Technology                                954          4.5% 
 
Touch Type Limited   Telecommunications                        928          4.4% 
 
Amplience Limited    Technology                                914          4.3% 
 
Semafone             Telecommunications                        756          3.6% 
 
Iovox Limited        Telecommunications                        750          3.6% 
 
Executive Channel 
Europe Limited       Media                                     701          3.3% 
 
                     Consumer lifestyle & 
Lifebook Limited     wellbeing                                 556          2.6% 
 
 
Material events and transactions 
Titan 4, in conjunction with the other Titan funds, is seeking to raise a total 
of  GBP30 million, with amounts raised being allotted equally between the five 
Titan Funds. 
 
Since 31 January 2013, Titan 4 made two follow-on investments: 
  * On 8 February 2013, a further  GBP123,000 was invested into Applied 
    Superconductor Limited 
  * On 25 February 2013, a further  GBP392,000 was invested into Aframe Media Group 
    Limited 
 
 
Titan 4's Board is not aware of any other significant event which has occurred 
between 31 January 2013 and the date of publication of this statement which 
would have a material impact on the financial position of the VCT. 
 
For further information please contact: 
Alex Macpherson - Fund Manager 
Octopus Investments Limited - 0800 316 2349 
 
ENDS 
 
 
 
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    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: Octopus Titan VCT 4 PLC via Thomson Reuters ONE 
[HUG#1683863]